$FXS (Frax Share) Market Update

$FXS is currently trading around $0.94–$1.03. The technical picture is mixed. On lower timeframes, momentum looks slightly bullish, with some buy signals appearing near support zones, suggesting short-term trading interest.

However, on higher timeframes, several indicators — including RSI and moving averages — are still flashing sell or strong sell signals, which shows the broader trend remains under pressure.

Conclusion:

FXS may offer short-term opportunities, but the overall structure is still uncertain. A clear trend confirmation is needed before expecting a sustained move. Risk management remains key.

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